6 Beds   2 Baths   2,120 Sq. Ft.   Single-Family
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16th Ave Sw
Burien, WA 98166

Overview

This Single-Family Preforeclosure is located at 16th Ave Sw, Burien, WA 98166. It has 6 Beds, 2 Baths , 2,120 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 56605748

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Property Information

  • Bedrooms: 6
  • Bathrooms: 2
  • Living Area Size: 2,120
  • Lot Size: 0.23 acres
  • Year Built: 1954
  • Source ID: 185476817
  • Day(s) On Site: 373
  • Subdivision: WHALLEYS ADD 02
  • Parcel Number: 933540-0060
  • Property Type: Single Family Dwelling
  • Plaintiff: Nationstar Mortgage LLC Dba Champion Mortgage Company
  • Defendant Name: VERNON R. DORSEY
  • Recording Date: 11-10-2021
  • Trustee Name: MTC FINANCIAL INC. DBA TRUSTEE CORPS
  • Trustee Address: 606 W Gowe St
  • Trustee City: Kent
  • Trustee State: WA
  • Trustee Zip: 98032
  • Trustee Phone: (844) 367-8456
  • Trustee Reference Number: WA07000134-18-1
  • Deed Category: NTS
  • Mortgage Balance: $278,417

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Public Records

  • Bedrooms: 6
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • No. of Stories: 1
  • Parking: ATTACHED GARAGE
  • Parking Sqft: 750
  • Fireplaces: YES
  • Heating Fuel: OIL
  • Heating Type: BASEBOARD ELECTRIC
  • Land Area Sqft: 10,000
  • Year Built: 1954
  • APN: 933540-0060
  • Property Type: Single Family Residence
  • Living Sqft: 2,120
  • Garage: ATTACHED
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC
  • Subdivision: WHALLEYS ADD 02
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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

  • Auction Date: 12-10-2021
  • Auction Time: 10:00 AM
  • Auction Address: 500 4th Avenue
  • Auction City: Seattle

    Loan Information

  • Mortgage Balance: $278,417

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Burien, WA
Home Inspectors
Stellar Home Inspection llc
Mathew H Irvine
206-550-7917
Home Inspections of Puget Sound
JJ Greive
206-295-4330
Homes On This Street
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16th Ave Sw
Burien, WA 98166

6 Beds   2 Baths   2,120 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 56605748

Property Information

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Public Records

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Property Description

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Listing URL

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